November 22, 2019

ASIC: Avestra ‘diverted cash to tax haven’

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By Ben Butler From THE AUSTRALIAN The corporate watchdog has accused management of Gold Coast funds management group Avestra of diverting investors’ money to unregulated entities in tax haven the Cayman Islands and using fund money to prop up a timber tycoon’s controversial takeover bid for a Malaysian company. In a blockbuster 200-page Federal Court […]